abrdn Income Credit Strategies Fund 5.25% Series A Perpetual Preferred Shares Declare Quarterly Dividend

abrdn Income Credit Strategies Fund set a 2026 third-quarter dividend for its A2-rated 5.25% Series A preferred shares.

Rhea-AI Summary

abrdn Income Credit Strategies Fund (ACP) declared a quarterly cash distribution of $0.328125 per share on its 5.250% Series A Perpetual Preferred Shares (ACP PRA).

The dividend is payable on September 30, 2026 to holders of record on September 18, 2026, which is also the ex-dividend date. The Series A Preferred Shares carry an annual dividend rate of $1.3125 per share, are rated A2 by Moody's, were issued at $25.00 per share on May 10, 2021, and pay distributions quarterly.

Positive

• Quarterly dividend of $0.328125 per Series A preferred share, payable September 30, 2026
• Annual dividend rate of $1.3125 per Series A preferred share, paid quarterly

Negative

• None.

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PHILADELPHIA, Sept. 8, 2026 /PRNewswire/ -- The Board of Trustees of abrdn Income Credit Strategies Fund (the "Fund") has declared a cash distribution of $0.328125 per share of the Fund's 5.250% Series A Perpetual Preferred Shares (NYSE: ACP PRA) ("Series A Preferred Shares"). The distribution is payable on September 30, 2026, to holders of Series A Preferred Shares of record on September 18, 2026 (ex-dividend date: September 18, 2026).

The Series A Preferred Shares trade on the NYSE under the symbol "ACP PRA", are rated "A2" by Moody's Investors Service and have an annual dividend rate of $1.3125 per share. The Series A Preferred Shares were issued on May 10, 2021, at $25.00 per share and pay distributions quarterly.

Distributions may be paid from sources of income other than ordinary income, such as net realized short-term capital gains, net realized long-term capital gains, and return of capital. The actual amounts and sources of the distributions for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to change based on tax regulations. In January 2027, a Form 1099-DIV will be sent to shareholders, which will state the amount and composition of distributions and provide information with respect to their appropriate tax treatment for the 2026 calendar year.

You should not draw any conclusions about the Fund's investment performance from the amount of this distribution. 

Aberdeen Investments Global is the trade name of Aberdeen's investments business, herein referred to as "Aberdeen Investments" or "Aberdeen". In the United States, Aberdeen Investments refers to the following affiliated, registered investment advisers: abrdn Inc., abrdn Investments Limited, and abrdn Asia Limited.

Closed-end funds are traded on the secondary market through one of the stock exchanges. A Fund's investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund's portfolio. There is no assurance that a Fund will achieve its investment objective. Past performance does not guarantee future results.

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SOURCE abrdn Income Credit Strategies Fund 5.25% Series A Perpetual Preferred Shares

FAQ

What are the key dates for this Series A Preferred Shares dividend?

The cash distribution of $0.328125 per Series A Preferred Share is payable on September 30, 2026 to holders of record on September 18, 2026, which is also the ex-dividend date.

How might the distributions be classified for tax purposes?

Distributions may come from sources other than ordinary income, including net realized short-term capital gains, net realized long-term capital gains, and return of capital. The actual amounts and sources for tax reporting will depend on the Fund's investment experience and tax regulations for the rest of its fiscal year.

When and how will shareholders receive tax reporting information for 2026 distributions?

In January 2027, shareholders will receive a Form 1099-DIV stating the amount and composition of 2026 calendar-year distributions and providing information on their appropriate tax treatment.

What are some risks associated with investing in this closed-end fund?

The Fund's investment return and principal value may fluctuate, so an investor's shares can be worth more or less than the original cost. Shares of closed-end funds may trade at a premium or discount to net asset value, and there is no assurance the Fund will achieve its investment objective. Past performance does not guarantee future results.